The $20 billion San Francisco City & County Employees’ Retirement System committed up to $50 million to SSG Secured Lending Opportunities I, managed by SSG Capital Management, said Norm Nickens, board secretary.
The alternative investment firm focuses on investing in credit and special situations in Asia. The investment was made in closed session at the board’s August meeting.
The board also approved in closed session committing up to $50 million to OrbiMed Private Investments VI, managed by OrbiMed Advisors, Mr. Nickens said.
The investment is classified as a venture capital investment.